1901 Glenburnie Rd, New Bern, NC 28562-5224

This exceptional investment opportunity presents a fee-simple ownership of an 18,000-square-foot, single-story Advance Auto Parts building situated on a 0.9-acre lot in New Bern, North Carolina. The property boasts a strong 6.35% cap rate, generating a substantial net operating income (NOI) of $160,037 annually. The absolute NNN lease with Advance Auto Parts, a publicly traded company (NYSE: AAP), provides a corporate guarantee and extends until June 30, 2034, with six five-year renewal options. Built in 1998, this Class A property enjoys 100% occupancy and benefits from a 10% rent increase every five years. The location is highly visible and accessible, situated on S. Glenburnie Rd (20,000 vehicles per day), with excellent ingress/egress and a dedicated turn lane. The property is surrounded by other major retailers, including Target, Publix, HomeGoods, Five Below, Academy Sports, and Hobby Lobby. The current rent is significantly below market value, presenting a substantial opportunity for future NOI growth through market rent adjustments. The asking price is $2,520,000, translating to $140 per square foot. This is a rare opportunity to acquire a secure, high-performing, and appreciating asset with significant long-term potential.